Fiscal measures are a hot potato, especially for the private sector, and the consequences will soon be felt in the pockets of every Romanian. Tempers rose in parliament after the government decided to take responsibility for the fiscal measures, which were finally unveiled in mid-September, after a summer of simply shoving them under the noses of taxpayers, individuals and companies.

The biggest impact will be felt in the taxation of turnover, “a practice that almost does not exist in developed countries”, precisely because a high turnover does not mean a corresponding profit, explains in a discussion with Panorama Daniel Angel, partner and head of tax and legal services at PwC.

Other measures are no less problematic, the expert draws attention. In addition, the lack of an impact study makes all the optimistic calculations of the Government regarding the revenues to the budget, which should cover the budget deficit, sound only on paper.

Read more at Panorama.ro